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Wall Street

Wall Street is a street in downtown New York City but more commonly refers to the entire financial district. It is home to the New York Stock Exchange, NASDAQ and considered one of the financial centers of the world.

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Why the Wall Street Crash of 1929?

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Asked by Wiki User

The Wall Street Crash of 1929, also known as the Great Crash, was a major stock market crash that occurred on October 24, 1929. It was caused by a combination of factors, including:

  1. Overproduction and over-speculation: In the 1920s, there was a surge in stock prices, fueled by speculation and a general belief that the stock market would continue to rise indefinitely. This led to over-production and over-speculation, as investors bought stocks on margin (with borrowed money) in the hopes of making quick profits.

  2. Weak regulation: At the time, there was little regulation of the stock market, and many investors were not subject to the same level of scrutiny as they would be today. This lack of regulation allowed for the kind of speculative behavior that contributed to the crash.

  3. Over-reliance on margin: Many investors bought stocks on margin, which meant that they were borrowing money to buy stocks. This made them vulnerable to market fluctuations, as they had to sell their stocks quickly if the market turned against them.

  4. Poor corporate governance: Some companies were engaging in questionable accounting practices, such as cooking the books or using creative accounting techniques to make their financial statements look more attractive. This made it difficult for investors to accurately assess the financial health of the companies they were investing in.

  5. International economic instability: The global economy was already showing signs of instability in the late 1920s, with economic downturns in Europe and Asia. This instability had a ripple effect on the US economy and contributed to the stock market crash.

On October 24, 1929, a combination of these factors led to a sudden and dramatic decline in stock prices, with the Dow Jones Industrial Average falling by nearly 13% that day. The crash marked the beginning of the Great Depression, a period of economic downturn that lasted for over a decade.

How many transactions take place daily on Wall Street?

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Asked by Wiki User

It is difficult to provide an exact number of transactions that take place daily on Wall Street, as the number can vary greatly depending on a variety of factors such as market conditions, economic conditions, and geopolitical events. However, it is estimated that there are tens of thousands of trades executed on Wall Street every day, with some estimates ranging into the hundreds of thousands. These trades can include stocks, bonds, derivatives, and other financial instruments.

What is the ticker symbol for Whataburger?

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Asked by Wiki User

== == The ticker symbol for the Wendy's/Arby's Group is WEN and it is traded on the New York Stock Exchange.

What is the ticker symbol for nutella?

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Asked by Wiki User

The ticker symbol for The Hershey Company is HSY and it is traded on the New York Stock Exchange. The company produces such sweets as Hershey Bars, Hershey Kisses, Twizzlers, Kit Kat, Jolly Rancher, PayDay, Oh Henry!, Milk Duds, Almond Joy, Kit Kat, Heath Bar, Reese's Peanut Butter Cups, Mounds, Zagnut, Dagoba Organic Chocolate, and Bubble Yum.

What is the ticker for westinghouse?

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Asked by Wiki User

Westinghouse Electric Company is majority owned by Toshiba Corporation and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. TOSHIBA PLANY SYSTEMTOISFTOSHIBA CORPORATIONTOSBFTOSHIBA CORPORATIONTOSYY

How did occupy Wall Street start?

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Asked by Wiki User

Its about going against the capitalist system and saying its not fair that major coorperations are doing fine but the normal people are still suffering from the recession.

So please tell me what is fair? Which political system is better? Have you ever heard of a poor man working for a poor man? Are all of you crazy or lazy? which form of government is superior to the United States?Why dont you just move to France or China,and be happy?

Our country does not need to be fixed according to your agenda.Maybe a tune up is in order starting with corrupt polititions and ending with the unpatriotic socialiists like owc and others.

term limitations line item vetos, mandatory back ground checks and drug testing polititions is my idea of change to start with.

The only thing gaureenteed is our Bill Of Rights...You had better protect them instead of destroying them

By the way, is it fair that millions have died protecting YOUR freedom?

How many Occupy Wall Street protests are there?

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Asked by Wiki User

there over one million people involved with OWS.

How did the Wall Street Crash effect the league of nations?

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Asked by Wiki User

The Wall Street Crash effected the League because it caused reluctant members such as Britain and France less likely to impose sanctions on countries such as Japan when they invaded Manchuria. The Great depression also caused countries such as Japan and Italy to be more aggressive, therefore they invaded countries such as Manchuria and Abyssinia to aid with their recovery and to do with national pride. Due to Britain and France not placing any sanctions further undermined League and led to their inevitable failure.

What is the ticker symbol for Under Armor?

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Asked by Wiki User

The ticker symbol for Under Armour is UA and it is traded on the New York Stock Exchange.

Where on Wall Street is the bear statue?

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Asked by Wiki User

The Charging Bull (sometimes called the Wall Street Bull or the Bowling Green Bull) is a 3,200 kg (7,000 pound) bronze sculpture by Arturo Di Modica that sits in Bowling Green park near Wall Street in New York City. The depiction of a bull, leaning back on its haunches, with its head lowered and ready to charge, is a symbol of a prosperous financial market.

The sculpture has become a tourist destination in the Financial District. It has also come to be an unofficial symbol of the Financial District itself, and it often appears in the local news media to punctuate stories about optimism in the financial market.

The sculptor, Di Modica, designed and made the statue as a gift to the people of New York City, hoping to bring back optimism after the 1987 stock market crash and as a symbol of the "strength and power of the American people." He spent some $360,000 to create and install the sculpture. He chose a site in Lower Manhattan, placing it under a Christmas tree in the middle of Broad Street in front of the New York Stock Exchange. The sculpture was an instant hit, but since it was placed without a permit, the police removed it to an impound lot. Public outcry was immediate. The NYC Deptartment of Parks and Recreation responded by moving the bull to a spot two blocks south of the Stock Exchange, where it now resides in the plaza at Bowling Green, facing up Broadway.

Does Wall Street open on Columbus Day?

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Asked by Wiki User

holidays for new york stock exchange 2009 New Year's Day January 1 Martin Luther King, Jr. Day January 19 Washington's Birthday/Presidents' Day* February 16*Good Friday April 10 Memorial Day May 25 Independence Day July 3 (observed) Labor DaySeptember 7 Thanksgiving Day** November 26**Christmas** December 25**

What time does gold stop trading on Wall Street?

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Asked by Wiki User

The time that the gold market starts trading will vary depending on your location. In most cases, the market will open at around 9am and close at 5 pm. Some online gold markets are open for 24 hours.

What is the ticker symbol for Raisin Bran?

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Asked by Wiki User

Kellogg's ticker symbol on the NYSE is "K", General Mills' is "GIS", and Post Holdings is "POST". They all offer "Raisin Bran".

How good was Wall Street in the 1950s?

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Asked by DominicGuyegp7642

Wall Street was the place to be invested during the 1950s. From a starting point of around 2,020 the Dow Jones Industrial Average advanced by about 150 percent to over 5,000 by the end of the decade. In many ways the 1950s was a golden economic age for the United States. As World War II reached its conclusion many of Europe's cities and factories lay in ruins. The United States was the only major developed country with an intact industrial base and a huge pool of workers as G.I.s returned home after the war. The economy boomed throughout the 1950s with strong gains in both personal incomes and corporate profits which translated into higher stock prices.

Why does Wall Street need reforming?

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Asked by DominicGuyegp7642

In many ways Wall Street is the economic center of the United States economy as trillions of dollars in financing and trading are conducted daily. Anytime there is a huge amount of money at stake there is also the temptation for fraud, financial excesses, and corruption. In the wake of the financial crisis Congress recognized the dangers of a lack of appropriate oversight of Wall Street and thus passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Many doubt that this Act will prevent the next financial crisis since each future crisis will be caused by conditions and factors that simply cannot be anticipated by regulators. In addition, Wall Street is constantly attempting to circumvent or weaken regulatory oversight through what is known as "regulatory capture" whereby former regulators take high paid positions on Wall Street and corruptly use their influence as political lobbyists to advance private interests over public interests.

When was The Wolf of Wall Street released?

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Asked by Wiki User

The Wolf of Wall Street was released on 12/25/2013.